Business

10 Aug

Foreign Investors Snap Months-Long Selling Streak in IT Sector, Injecting ₹3,358 Crore in July

anuprovaBusiness

Foreign Portfolio Investors (FPIs) turned net buyers in Indian Information Technology stocks during July, ending a continuous multi-month selling spree observed since the beginning of 2026. According to data from the National Securities Depository Limited (NSDL), global institutional investors poured ₹3,358 crore into the IT sector throughout July, marking the first positive monthly net flow into the space this year. The resurgence in foreign inflows reflects a gradual shift in investor sentiment following stable quarter-one earnings from major technology majors, along with signs of stabilizing IT spending in key Western markets. Analysts noted that steady deal wins, robust client retention…

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08 Aug

Café Akasa revives Navroz special meal to celebrate Parsi cuisine onboard

Business BureauBusiness

Akasa Air has reintroduced its limited-edition Navroz Special Meal under its onboard dining service, Café Akasa, to mark the Parsi New Year, offering passengers a curated menu inspired by traditional Parsi cuisine throughout August 2026. The festive meal includes Parsi Chicken Kheema Pie, Patra nu Chicken Salad, Saffron Rice Pudding and a beverage of the traveller's choice. Customers can pre-book the meal through the airline's website or mobile application before their journey. The airline said the initiative aims to celebrate Navroz, a festival symbolising renewal, gratitude and togetherness, by bringing authentic Parsiflavours to passengers in the skies. Café Akasa has…

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08 Aug

New Bajaj Pulsar 150 Leaked Ahead of Launch, Gets New Engine and Design

sunnyBusiness

The new Bajaj Pulsar 150 has been spotted at a dealership ahead of its expected launch, giving a clearer view of the motorcycle’s updated platform and features. The upcoming model appears to be part of Bajaj Auto’s broader Pulsar line-up refresh, which also includes the updated Pulsar N160 and the next-generation Pulsar 125 recently spotted in testing. The new Pulsar 150 is built on a completely revised platform. It features a single-downtube frame, replacing the older architecture that has been used by the Classic Pulsar range for several years. The rear suspension has also received a major update, with a…

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08 Aug

Turkish Airlines posts $197 million Q2 profit despite Middle East conflict

Business BureauBusiness

Turkish Airlines reported a net profit of USD 197 million in the second quarter of 2026, overcoming the adverse impact of the ongoing conflict in the Middle East through dynamic capacity management, higher passenger demand and strong cargo performance. The airline's total revenue rose 20.5 per cent year-on-year to USD 7.2 billion, while cargo revenue surged 58 per cent to nearly USD 1.3 billion as Turkish Cargo capitalised on increased global demand despite disruptions in air freight capacity. The carrier said its EBITDAR margin reached 12.6 per cent, exceeding its guidance of 8 per cent, while passenger load factor climbed…

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08 Aug

GCPL Maintains Growth Momentum, Warns of El Niño Weather Risks

anuprovaBusiness

Godrej Consumer Products Limited (GCPL) reported a robust start to the 2026–27 fiscal year, posting an 11.5% year-on-year rise in consolidated net profit to ₹505 crore for the quarter ended June 2026. Driven by broad-based demand across its portfolio, the FMCG major saw consolidated revenue grow by 18.3% to ₹4,225 crore, supported by a 9% surge in domestic volume growth. While the company’s India business grew by 11%, international markets delivered exceptional results, with revenue from Africa, the USA, and the Middle East jumping 47% and Indonesia recording a 15% increase. Despite this strong financial performance, leadership remains cautious regarding…

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07 Aug

Strong Africa and India Performance Boost Godrej Consumer Products’ Q1 Earnings

nanikaBusiness

Godrej Consumer Products Ltd (GCPL), a leading fast-moving consumer goods company, reported an 11.5 per cent year-on-year rise in consolidated net profit to ₹504.52 crore for the first quarter of FY27. The company had recorded a net profit of ₹452.45 crore in the April-June quarter of the previous fiscal year. The company’s revenue from operations increased 18.31 per cent year-on-year to ₹4,225.47 crore during the quarter, compared with ₹3,571.32 crore in the corresponding period last year. The growth was supported by strong volume expansion and improved performance across key markets. GCPL said consolidated sales grew 19 per cent year-on-year, driven…

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07 Aug

SEBI Hails New Closing Auction Session as a Crucial Milestone for Strengthening India’s Price Discovery Mechanism

anuprovaBusiness

The Securities and Exchange Board of India (SEBI) has highlighted the introduction of the Closing Auction Session (CAS) as a vital structural reform aimed at significantly boosting the robustness, transparency, and reliability of India's equity market price discovery. Replacing the former volume-weighted average price method used during the final trading minutes, the newly implemented auction-based framework pools eligible buy and sell orders to determine a single equilibrium closing price. According to regulatory authorities, this transition successfully aligns domestic market practices with international standards, curbing end-of-day price manipulation and facilitating the smoother execution of large institutional orders. Although the initial rollout…

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07 Aug

Technology investments improve ICICI Prudential Life’s cost efficiency

Business BureauBusiness

ICICI Prudential Life Insurance’s continued investment in technology and automation is translating into improved operational efficiency and lower costs, underscoring the growing role of digital transformation in enhancing productivity across India’s life insurance sector. The insurer reported that its savings cost-to-premium ratio declined to 13.6 per cent in the first quarter of FY2027, down 50 basis points from a year ago, reflecting gains from technology-led cost optimisation while maintaining business growth. The company attributed the improvement to increased adoption of artificial intelligence, analytics and digital platforms such as ICICI Pru Partner Stack and IPRU Edge, which have streamlined customer acquisition,…

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06 Aug

RBI holds rates steady, flags inflation risks as markets eye October hike

Business BureauBusiness

The Reserve Bank of India (RBI) has kept its key policy rate and monetary policy stance unchanged, a move that was widely anticipated by market participants. While maintaining status quo, the central bank underscored heightened risks on the inflation front, signalling that price pressures remain a key concern for policymakers. Reacting to the monetary policy decision, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the RBI's decision was on expected lines but reflected growing caution over inflation. She said the central bank had highlighted amplified inflation risks and added that Kotak Mahindra Bank expects a cumulative 50 basis points…

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06 Aug

AM/NS India supplies specialised steel for Indian Navy’s newly commissioned INS Malvan

Business BureauBusiness

Arcelor Mittal Nippon Steel India (AM/NS India) has supplied 100 per cent of the specialised naval-grade steel used in the construction of INS Malvan, the Indian Navy’s newly commissioned Anti-Submarine Warfare Shallow Watercraft (ASW-SWC), reinforcing its role in India’s defence manufacturing ecosystem. The vessel, commissioned on July 22 at Karwar in Karnataka, was built by Cochin Shipyard Limited with more than 80 per cent indigenous content under the Government’s Aatmanirbhar Bharat and Viksit Bharat initiatives. The specialised steel was manufactured at AM/NS India’s integrated steelmaking facility in Hazira, Gujarat. The company said it will supply the entire steel requirement for…

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